| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALTRIA GROUP INC - 3.490% - 02 | 179,919 | 181,013 |
| AMAZON COM INC - 3.150% - 08/2 | 99,019 | 113,920 |
| AMERICAN HONDA FIN CORP - 2.90 | 206,501 | 213,848 |
| AT&T INC BOND - 4.450% - 01/01 | 105,390 | 111,678 |
| BANK AMER CORP BOND - 6.300% - | 109,000 | 116,750 |
| BANK OF AMERICA CORP - 3.875% | 103,393 | 113,980 |
| BB&T CORP - 3.700% - 06/05/202 | 102,400 | 113,065 |
| CAPITAL ONE - 3.200% - 02/05/2 | 96,376 | 109,115 |
| CELGENE - 3.450% - 12/15/2027 | 95,809 | 111,172 |
| COMCAST CORP - 3.600% - 03/01/ | 101,868 | 110,019 |
| COMCAST CORP NOTE - 3.950% - 1 | 110,065 | 114,523 |
| CREDIT SUISSE AG NASSAU BRH MT | 300,000 | 296,609 |
| CVS HEALTH CORP - 2.625% - 08/ | 177,448 | 187,525 |
| DISCOVER FINL SVCS - 5.500% - | 351,498 | 374,499 |
| DOWDUPONT INC - 3.268% - 11/15 | 102,007 | 101,527 |
| GILEAD SCIENCES INC - 3.700% - | 185,663 | 190,738 |
| GS FIN CORP - 0.000% - 07/21/2 | 599,999 | 592,559 |
| JP MORGAN CHASE & CO HYBRID - | 151,301 | 152,003 |
| JPMORGAN CHASE & CO - 5.150% - | 150,114 | 154,878 |
| JPMORGAN CHASE & CO PERP-R NT | 102,938 | 106,000 |
| PHILIP MORRIS INTL - 3.250% - | 185,320 | 192,729 |
| QUALCOMM INC - 2.600% - 01/30/ | 101,738 | 104,880 |
| QUALCOMM INC - 3.450% - 05/20/ | 101,900 | 111,346 |
| ROYAL BK OF CDA - 3.258% - 10/ | 99,341 | 100,998 |
| SCHWAB CHARLES CORP BOND PERPE | 155,625 | 167,063 |
| STARBUCKS CORP - 3.800% - 08/1 | 103,139 | 113,803 |
| SUNTRUST BK - 2.800% - 05/17/2 | 152,628 | 154,931 |
| TIME WARNER - 3.600% - 07/15/2 | 98,566 | 106,715 |
| TRUIST FINL CORP BOND PERPETUA | 152,250 | 165,002 |
| UNITED PARCEL SERVICE - 2.500% | 101,791 | 104,694 |
| UNITED TECHNOLOGIES CORP - 2.6 | 93,177 | 109,772 |
| VERIZON COMMUNICATIONS INC - 4 | 102,410 | 117,869 |
| VISA INC NOTE - 3.150% - 12/14 | 104,950 | 112,185 |
| WELLS FARGO &COMPANYMTN CALL M | 186,340 | 191,046 |
| WELLS FARGO CO - 3.691% - 01/2 | 101,049 | 100,861 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M CO | 482,431 | 489,412 |
| ALPHABET INC CL A | 615,242 | 832,504 |
| AMAZON COM | 244,945 | 407,116 |
| ARES CAPITAL CORPORATION - CLO | 102,407 | 118,230 |
| BANK OF AMERICA CORP | 402,039 | 392,060 |
| BLACKROCK HEALTH SCIENCES CLOS | 900,000 | 1,289,250 |
| BLACKSTONE MORTGAGE TRUST INC | 1,031,202 | 853,430 |
| CITIGROUP INC | 400,154 | 353,928 |
| CS 10.55% WORSTOF CONTING AUTO | 150,000 | 152,250 |
| CS 15.85% WORSTOF CONTING DLY | 250,000 | 249,775 |
| GOLDMAN SACHS GQG PARTNERS INT | 2,229,075 | 2,331,706 |
| GOLDMAN SACHS GROUP | 420,807 | 527,420 |
| INVESCO KBW BANK | 485,200 | 503,800 |
| ISHARES CORE MSCI EMERGING MAR | 378,780 | 452,892 |
| ISHARES TRUST- ISHARES MSCI AL | 653,927 | 743,763 |
| JMP TRIGGER JUMP SX5E 02/03/20 | 1,000,000 | 973,000 |
| JP MORGAN CHASE | 887,818 | 959,379 |
| MICROSOFT CORP | 460,465 | 670,819 |
| MORGAN STANLEY ASIA OPPORTUNIT | 1,774,512 | 2,336,245 |
| MORGAN STANLEY INST EMERGING M | 1,109,956 | 1,661,031 |
| MORGAN STANLEY INSTITUT | 3,163,014 | 3,488,103 |
| MORGAN STANLEY INSTITUTIONAL F | 737,191 | 729,499 |
| MS DUAL DIRECTIONAL TRIG | 1,500,000 | 1,706,250 |
| MS DUAL DIRECTIONAL TRIGGER PL | 600,000 | 610,500 |
| NEW MOUNTAIN FINANCE | 898,904 | 758,053 |
| PENN TREATY AMER CP | 200,000 | 208,000 |
| RECKITT BENCKISER GROUP | 262,631 | 271,800 |
| SPDR GOLD SHARES | 446,734 | 490,490 |
| TPG SPECIALTY LENDING INC | 100,908 | 116,200 |
| TYSON FOODS INC CL A | 449,411 | 476,856 |
| UBS 9% WORSTOF CONTING. AUTOCA | 150,000 | 144,750 |
| UBS 9.25% WORSTOF CONTING AUTO | 500,000 | 506,500 |
| VANGUARD TOTAL STOCK MARKET ET | 815,745 | 953,736 |
| WALT DISNEY HOLDINGS CO | 249,990 | 462,009 |
| WISDOMTREE CHINA EX-STATE-OWD | 388,483 | 677,431 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| BLACKSTONE REAL ESTATE INCOME | 2,356,954 | 2,399,971 | |
| HEDGEPREMIER RIEF LP - B ESC | 1,406,296 | 1,476,731 | |
| PE PREMIER ELLIOT CO-INV OFFSH | 398,859 | 406,086 | |
| PETERSHILL IV OFFSHORE SCSP | 2,419 | 3,266 | |
| VINTAGE SECONDARY STRATEGIES I | 158,442 | 175,814 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| General Consultations | 2,142 | 2,142 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 61,285 | 61,285 | ||
| Bank Charges | 50 | 50 | ||
| K-1 Exp HEDGEPREMIER RIEF LP - | 49,552 | 49,525 | ||
| K-1 Exp PETERSHILL IV OFFSHORE | 1,959 | 1,375 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| K-1 Inc/Loss HEDGEPREMIER RIEF LP - B ESC | 49,142 | 49,142 | |
| K-1 Inc/Loss PETERSHILL IV OFFSHORE SCSP | 490 | 344 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| OUTSTANDING OPTIONS | 14,388 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 168,106 | 168,106 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2020 | 4,900 | |||
| 990-PF Extension for 2019 | 443,981 |